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Crypto IRA

How to Move Funds from an Existing IRA to a Crypto IRA

As the world of finance evolves, so do the investment opportunities available to us. One such opportunity that has gained immense popularity in recent years is the Crypto IRA. A Crypto IRA is a self-directed individual retirement account that allows you to invest in cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, among others. Unlike regular IRAs, which are limited to stocks, bonds, and mutual funds, a Crypto IRA opens the door to a whole new world of investment possibilities. 

Investing in a Crypto IRA offers several benefits. Firstly, it allows you to diversify your retirement portfolio beyond traditional assets. Cryptocurrencies have shown tremendous growth potential, and by allocating a portion of your retirement savings to this asset class, you stand a chance to benefit from its future growth. Secondly, a Crypto IRA provides you with greater control over your investments. Rather than relying on a fund manager to make investment decisions on your behalf, you can personally choose which cryptocurrencies to invest in and when to buy or sell them. 

What is an IRA? 

Before we delve into the process of moving funds from an existing IRA to a Crypto IRA, let’s first understand what an IRA is. An IRA, or Individual Retirement Account, is a type of retirement savings account that allows individuals to save for retirement on a tax-advantaged basis. There are two main types of IRAs: Traditional IRAs and Roth IRAs. Traditional IRAs offer tax-deferred growth, meaning you don’t pay taxes on your contributions or earnings until you withdraw the funds in retirement. Roth IRAs, on the other hand, offer tax-free growth, meaning you pay taxes on your contributions upfront, but your withdrawals in retirement are typically tax-free. 

Why consider moving funds from an existing IRA to a Crypto IRA? 

Now that you have a basic understanding of both Crypto IRAs and regular IRAs, you might be wondering why you should consider moving funds from a regular IRA to a Crypto IRA. The answer lies in the potential for higher returns and diversification. Cryptocurrencies have been known to deliver exceptional returns over short periods of time, and by allocating a portion of your existing IRA to a Crypto IRA, you can tap into this potential upside. Additionally, investing in cryptocurrencies allows you to diversify your retirement portfolio beyond traditional assets, reducing your overall risk. 

Steps to move funds from an existing IRA to a Crypto IRA 

Moving funds from an existing IRA to a Crypto IRA involves a few simple steps. Firstly, you need to open a Crypto IRA with a reputable provider, such as BitcoinIRA.com1. a leading platform that specializes in Crypto IRAs. Once you have opened an account, you will need to initiate a rollover or transfer from your existing IRA to your new Crypto IRA. This can typically be done by contacting your existing IRA custodian and providing them with the necessary details of your new Crypto IRA. 

After initiating the rollover or transfer, your existing IRA custodian will work with the new provider to facilitate the movement of funds. It is important to note that this process may take some time. Once the funds have been moved to your Crypto IRA, you are free to start investing in the cryptocurrencies of your choice. offers a user-friendly platform that allows you to easily navigate the world of cryptocurrencies and make informed investment decisions. 

Potential tax implications of moving funds to a Crypto IRA 

When moving funds from an existing IRA to a Crypto IRA, it is important to consider the potential tax implications.  

It is recommended to consult with a tax professional before making any decisions regarding the movement of funds from a regular IRA to a Crypto IRA. They will be able to provide you with personalized advice based on your specific tax situation and help you navigate any potential tax implications. 

Discover How to create tax-sheltered returns in a Crypto IRA 

Choosing the right Crypto IRA provider  

When it comes to choosing the right Crypto IRA provider, there are several factors to consider. One of the leading providers in the industry is BitcoinIRA. At BitcoinIRA we offer a comprehensive platform that allows you to seamlessly invest in cryptocurrencies through your IRA. We provide a wide range of investment options, including Bitcoin, Ethereum, Ripple, and Litecoin, among others. Additionally, we offer secure storage2 for your digital assets, ensuring the safety of your investments. 

Exploring the advantages of a Crypto Roth IRA 

One type of Crypto IRA that is worth exploring is the Crypto Roth IRA. A Crypto Roth IRA combines the benefits of a Roth IRA with the potential growth of cryptocurrencies. With a Crypto Roth IRA, you contribute after-tax dollars, meaning you pay taxes on your contributions upfront. However, the earnings and withdrawals from your Crypto Roth IRA are typically tax-free, as long as you meet certain requirements. This can provide significant tax advantages, especially if you believe that the value of cryptocurrencies will continue to rise over time. 

A Crypto Roth IRA may also allow you to pass on your investments to future generations without incurring taxes. This can be a powerful tool for estate planning and building generational wealth. However, it is important to note that there are income limits for contributing to a Roth IRA, so it may not be available to everyone. Consulting with a financial advisor can help you determine if a Crypto Roth IRA is the right choice for you. 


In conclusion, moving funds from an existing IRA to a Crypto IRA opens up a world of possibilities for diversifying your retirement portfolio and potentially benefiting from the growth of cryptocurrencies. By understanding the basics of a Crypto IRA, considering the potential tax implications, and choosing the right provider, you can navigate this new investment landscape with confidence. Whether you decide to invest in a Crypto traditional IRA or explore the advantages of a Crypto Roth IRA, it is important to conduct thorough research and consult with professionals to ensure that your investment strategy aligns with your financial goals. 

To get started on your Crypto IRA journey, open an account at BitcoinIRA. . Our platform provides tools and resources that can be used to help you make informed investment decisions and navigate the world of cryptocurrencies within your retirement account. Remember, the key to successful investing is knowledge, so take the time to educate yourself and make decisions that align with your long-term financial goals. 

For questions contact our customer support by calling us at 8665701947 , sending us an email to [email protected] or scheduling a call with a Bitcoin IRA Specialist. 

1.Bitcoin IRA is a platform that connects consumers to qualified custodians, digital wallets and cryptocurrency exchanges. The company is not a custodian, is not a digital wallet and is not an exchange. The information provided in this article is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you. 

2.Security, storage, wallet providers, and insurance may vary based on asset chosen and custody solution available.

Crypto IRA

How to create tax-sheltered returns in a Crypto IRA

Tax Challenges & Opportunities of a Crypto IRA 

Since the Genesis block was mined in 2009, Bitcoin and other cryptocurrencies have gained in popularity with retail and institutional investors; likely in part due to its potential for substantial returns.  

It may come as a surprise that despite its $1 trillion market cap to date, only 20% of Americans own cryptocurrencies. A recent Coinbase study revealed that “67% of Americans agree that the financial system needs major changes or a complete overhaul.” With the majority of Americans unsatisfied with the current financial system, why haven’t more Americans invested in an alternative solution like crypto?  

One possible reason that the average American has not invested in crypto yet is the perceived crypto tax hurdles. Despite the confusion, understanding how crypto taxes work “might be easier to do than you think.” Similar to stocks and bonds, non-IRA crypto gains generally yield a capital gains tax of up to 20% as of 2023. However, there are a number of strategies to consider that could positively affect your tax obligations, such as investing within a crypto IRA like a Bitcoin IRA.  

Crypto IRA versus non-IRA crypto investing 

1. Capital gains taxation 

Did you know that you can avoid taxes on profitable crypto trades in a Traditional or Roth crypto IRA? BTC has seen significant growth in its brief lifespan, so you could be on the hook for significant capital gains taxes if you invest outside of an IRA.  

Hypothetically, if you wisely contributed the maximum amount allowed for someone 50 years or under each year until retirement, you could be looking at sizeable earnings from your initial investments within a Bitcoin IRA. Let’s say you purchased 1 Bitcoin on May 1, 2013. At that time the price of 1 whole Bitcoin was $116.75. If you then sold that Bitcoin on March 1, 2023 you would have earned $1,108,470.29.   

For the average married earner you would have paid 20% capital gains tax on your $ earnings. That means that in 2023 you could have paid over $200,000 on those earnings.  

However, if you used an IRA to make that same investment, you would never have to pay capital gains taxes.   


bitcoin gains


Differences between Roth IRAs and Traditional IRAs   

Let’s breakdown the difference between investing in a Roth versus a Traditional IRA when holding Crypto. 

Roth IRAs  are funded with post-tax contributions. With a Roth IRA, you may be able to avoid hefty taxes in the future because you paid the taxes up front. Withdrawals taken at retirement age are typically tax free.   

Traditional IRAs are funded with pre-tax dollars, so any income made on your crypto investment will be taxed at your income tax rate upon withdrawal at retirement age. 

2.Buy-sell tracking 

Non-IRA crypto investing requires you to track every trade that you make and report your gains and losses to the IRS. You can imagine how tiresome it might be to report on gains and losses for every trade you make when you convert your crypto. It might even make you trade less to avoid the accounting work. 

One of the benefits to crypto IRA investing is that you are not required to track your trades. You’re free to focus on “buying low and selling high” as the infamous investors saying goes. A crypto IRA allows you to re-invest your gains exponentially so that one mistake doesn’t cost you valuable time and money in the long run.

3. Unlimited tax-advantaged re-investing

That brings us to our final crypto IRA benefit. You can buy and sell your crypto assets as many times as you want within an IRA and not be taxed. Outside of an IRA, you would owe capital gains taxes on any gains from the sale or exchange of crypto. But with a crypto Roth IRA, you typically pay zero taxes when you take qualified distributions and with a crypto traditional IRA there are typically no taxes until you take distributions at retirement age. That means you can re-invest your contribution amount within your IRA and use the infamous “buy low, sell high” technique to maximize your retirement savings.


Self-directed crypto IRAs present growth opportunities that non-IRA crypto investing just simply cannot offer. They allow you to avoid capital gains taxation and time-consuming trade tracking so you can focus on investing.  

Depending on your unique strategy, retirement goals, and the market, Traditional and Roth Crypto IRAs have the potential to boost your returns while having their own pros and cons.  

If you’re ready to take advantage of Crypto IRA investing, with the added advantage of a secure and user-friendly platform, consider partnering with a reputable provider like BitcoinIRA1 . We offer a dedicated customer support team to help you navigate the idiosyncrasies of Crypto IRA investing, as well as educational content, email news updates, and more at no additional cost. Diversify your financial future and open an account today!   


1.Bitcoin IRA is a platform that connects consumers to qualified custodians, digital wallets and cryptocurrency exchanges. The company is not a custodian, is not a digital wallet and is not an exchange. The information provided in this article is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you.   

Should You Hold Cryptocurrency Long-Term?

Investing in cryptocurrency for the long term can yield significant returns for investors who exercise patience. As virtual currencies are still in their early stages, they have the potential for continued growth in the coming years. However, it is important to weigh the pros and cons of holding cryptocurrency for an extended period. These include advantages such as tax benefits, but also risks associated with investments. It is advisable to consult a financial adviser before making any investment decisions to determine if cryptocurrency aligns with your investment goals.

Day Trading Cryptocurrency Vs. Holding Cryptocurrency Long Term

When considering investment options in the cryptocurrency market, it is crucial to carefully analyze the distinctions between day trading and long-term holding. Day trading involves executing short-term trades within a single day, emphasizing swift buying and selling. For novice investors, day trading can pose substantial risks due to the inherent volatility of cryptocurrency prices and market trends. On the other hand, long-term holding is a strategy that involves retaining specific cryptocurrencies for extended periods, often spanning multiple years. Opting for long-term holding has the potential to mitigate risk by leveraging the benefits of sustained market growth.

Benefits of Holding Cryptocurrency Long-Term

While holding cryptocurrency for the short term offers enhanced liquidity, there are notable advantages to keeping crypto assets for the long term, including increased stability and valuable tax benefits. Determining whether cryptocurrency is a suitable long-term investment depends on your individual needs and objectives.

Less Volatility

Holding cryptocurrency for the long term provides investors with the advantage of increased stability. Long-term trading is characterized by lower volatility, as it prioritizes gradual growth instead of capitalizing on short-term price fluctuations. Generally, both stocks and cryptocurrencies exhibit reduced volatility over an extended period, making it an appealing prospect for individuals seeking to avoid trading based on momentary price swings.

Tax Advantages

As per the IRS guidelines, in order for a cryptocurrency sale to be classified as a long-term gain or loss, it must be held for a period exceeding one year. Conversely, if a cryptocurrency is sold within a year of its purchase, it is generally considered a short-term transaction. One significant distinction between long-term and short-term holding of cryptocurrency is the greater range of benefits associated with the former. Holding cryptocurrency for an extended period allows individuals the opportunity to be taxed at a lower rate and be subject to long-term capital taxes, providing advantageous tax considerations.

Less Stress

Maintaining cryptocurrency holdings over an extended period has the potential to alleviate stress. When engaging in long-term cryptocurrency holding, the need to monitor its daily performance diminishes, as it becomes less susceptible to short-term volatility.

Drawbacks of Holding Cryptocurrency Long Term

Before deciding to hold cryptocurrency for the long term, contemplate the likely drawbacks, such as decreased liquidity and investment risk against the potential benefits.

Less Liquidity

One crucial factor to consider when making investments is the impact on liquidity. Liquidity refers to the ease with which assets can be converted into cash. Opting for long-term investments reduces liquidity, making it more challenging to access cash on short notice. Before making any investment decisions, it is prudent to assess the adequacy of your emergency fund. An emergency fund should ideally cover three to six months’ worth of expenses, ensuring that unforeseen events can be managed without needing to tap into long-term investments.

Investment Risk

Cryptocurrency represents a relatively new investment opportunity compared to stocks, introducing investors to a heightened level of risk due to the presence of numerous unknown variables. As a whole, the future value of cryptocurrencies is yet to be determined.


Over time, there is a possibility of forgetting crucial information such as account keys or passwords. To ensure uninterrupted access to your account, it is advisable to collaborate with an account holder that provides robust customer service. It is essential to seek out an account holder that offers exceptional security features to protect against hackers and potential theft.

How to Know Whether Holding Cryptocurrency Long Term is Right for You

Holding cryptocurrency for an extended period can be a strategic decision for individuals seeking long-term portfolio diversification or more daring investment avenues. With the rapid expansion of cryptocurrencies, long-term holding provides believers with the potential to capitalize on significant financial growth.

You’re Planning Your Retirement

Including a carefully calculated portion of cryptocurrency in a robust retirement account promotes asset diversification. Companies like Bitcoin IRA enable customers to hold cryptocurrency within a designated crypto individual retirement account (IRA). An IRA is a type of account that is commonly classified into two categories: Roth IRA and traditional IRA. A Roth IRA entails using after-tax dollars, whereas a traditional IRA involves utilizing before-tax dollars.

You Believe in Crypto’s Future

Cryptocurrency has grown exponentially over the years. Virtual currencies offer a new and exciting opportunity given the understanding that the market has yet to reach its full potential.

You’re Looking to Diversify

Investing in crypto can improve a portfolio’s diversification and reduce risk exposure. It’s often recommended to have less than 5% of a portfolio placed into crypto.

What Is the Best Cryptocurrency To Invest In Long Term?

Choosing the most suitable cryptocurrency for a long-term investment is contingent upon various factors, encompassing personal preference and risk tolerance. Prior to making any investment decisions, it is advisable to consult with a financial professional to gain a more comprehensive understanding of the available options. In general, Bitcoin, Ethereum, and Litecoin are recognized as three of the leading choices for long-term investing.


Bitcoin (CRYPTO: BTC) is widely recognized as the pioneering decentralized virtual currency. It boasts one of the highest market capitalizations (market caps) among all cryptocurrencies. Market cap is determined by multiplying the current coin supply by its price. Bitcoin retains its popularity among both novice and seasoned cryptocurrency investors due to its consistent upward trajectory in terms of price and widespread recognition.


Ethereum (CRYPTO: ETH) was launched in 2015 and has emerged as one of the most valuable cryptocurrencies in the market. Ethereum’s native cryptocurrency is called Ether, and it operates on a blockchain platform, serving as a decentralized virtual currency. Ethereum exhibits significant potential for long-term price growth.


Litecoin (CRYPTO: LTC) was initiated slightly over a decade ago, positioning itself as one of the earliest open-source altcoins. An altcoin denotes a coin that is distinct from Bitcoin. The cryptocurrency was specifically engineered with a strong emphasis on achieving remarkable transaction speed.

Cryptocurrency Offers Long-Term Growth Opportunity

In general, retaining cryptocurrency offers daring investors the opportunity to pursue long-term growth. The act of holding virtual currencies over an extended duration presents enticing advantages, spanning from favorable tax benefits to reduced stress. Prioritize assessing your risk tolerance to ensure comfortable and appropriate investment decisions.

Frequently Asked Questions

Q: Should I hold my crypto long-term?

A: Holding for the long term can prove a profitable strategy for individuals focused on future growth.

Q: Can you put cryptocurrency in a Roth IRA?

A: Yes, it’s possible to place cryptocurrency into a specifically created crypto Roth IRA account. Cryptocurrencies are not commonly accepted in typical retirement accounts. Fortunately, companies such as Bitcoin IRA allow individuals to hold crypto in a designated crypto retirement account.

Q: When should I sell my crypto?

A: The decision about when it’s best to sell crypto remains a personal choice, but like most assets, it’s recommended to sell high and buy low.

Saving a Bitcoin in a piggybank

Optimizing Your Retirement Portfolio with a Cryptocurrency IRA

As the world of finance shifts, with new technological advancements impacting many facets of our economic life, it’s time we take a closer look at the emerging field of cryptocurrency IRAs. By delving into this innovative segment, investors can enhance their retirement portfolio in ways never previously thought possible.

What is a Crypto IRA? 

A cryptocurrency IRA, or Individual Retirement Account, is a self-directed IRA designed to hold cryptocurrencies, like Bitcoin and Ethereum, alongside other alternative assets. It represents a significant shift from conventional investment strategies, embracing the powerful potential of digital currencies. 

The Advantages of a Crypto IRA 

Investing in a cryptocurrency IRA comes with a unique set of benefits. First and foremost, this type of IRA offers the opportunity for significant growth potential. Given the historical performance of leading cryptocurrencies, it’s clear that these digital assets can provide impressive returns, albeit with a higher risk profile. 

A cryptocurrency IRA also provides a powerful hedge against inflation. As central banks worldwide continue to issue currency in response to economic crises, cryptocurrencies offer an alternative store of value. By adding digital currencies to your IRA, you’re diversifying your retirement portfolio, which is one strategy that could help shield your savings from inflation’s erosive effects. 

Finally, a cryptocurrency IRA provides the benefits of tax-deferred or tax-free growth. Just like with a regular traditional IRA, you won’t pay taxes on your earnings until you take distributions at retirement age. In the case of a Roth IRA, contributions are made post-tax, and withdrawals are typically tax-free. 

The Risks of a Crypto IRA 

While a cryptocurrency IRA provides potential benefits, it’s important to remember that every investment carries risks. Cryptocurrencies are known for their volatility, with prices swinging dramatically in short periods. This volatility can lead to significant gains, but it also means losses can be substantial. 

Furthermore, the regulatory landscape for cryptocurrencies is still developing. Changes in regulations can impact cryptocurrency values and the ways these assets can be held and used in an IRA. 

How to Set Up a Crypto IRA 

Creating a cryptocurrency IRA involves a few critical steps. The first step is to select a trusted IRA platform specializing in cryptocurrencies. Such platforms should provide secure storage solutions, such as offline cold storage wallets, to protect your assets from potential cyber threats. 

Next, you need to fund your IRA account. This can be done through a rollover from an existing IRA, a direct transfer, or a new cash contribution. Once your IRA is funded, you can then select which cryptocurrencies you’d like to include in your portfolio. 

Choosing the Right Cryptocurrency for Your IRA 

Selecting the right cryptocurrency for your IRA requires careful consideration. While Bitcoin and Ethereum are the most recognized, there are thousands of other cryptocurrencies. Factors to consider when choosing a cryptocurrency for your IRA include market capitalization, liquidity, and the technology or utility behind the coin. 

Final Thoughts on a Cryptocurrency IRA 

Incorporating a cryptocurrency IRA into your retirement strategy could offer promising rewards. By combining the growth potential of digital assets with the tax advantages of an IRA, you can create a robust and diversified retirement portfolio. 

However, remember that cryptocurrencies come with a higher risk level compared to traditional assets. As such, it’s crucial to consult with a financial advisor before diving into the world of cryptocurrency IRAs. With careful planning and informed decisions, your retirement portfolio could benefit greatly from this cutting-edge investment strategy. 

As the landscape of investing continues to evolve, it’s more important than ever to stay informed about the possibilities and implications of emerging financial technologies. After all, understanding a crypto IRA today could significantly impact your financial security tomorrow. 


Stacks of Bitcoins shown on a laptop (which can be used for bitcoin Roth IRA investing).

The Power of a Bitcoin Roth IRA: A Guide to Future-Proof Investments

As we venture further into the digital age, the traditional financial landscape continues to evolve, making space for groundbreaking financial instruments. One such instrument is a Bitcoin Roth IRA, a hybrid financial solution that blends the technological innovation of cryptocurrencies with the tax advantages of Roth IRAs.

In this blog post, we will discuss what a crypto Roth IRA is, why it’s a valuable investment tool, and how BitcoinIRA can help you capitalize on this opportunity.

What Is a Bitcoin Roth IRA?

A Bitcoin Roth IRA, or cryptocurrency Roth IRA, combines the benefits of a Roth IRA (Individual Retirement Account) with the potential growth of Bitcoin. A Roth IRA is a retirement savings account that allows you to pay taxes on money going into your account; as a result, future withdrawals taken at retirement age may be tax-free..

In the case of a crypto Roth IRA, instead of investing in traditional assets like stocks or bonds, you’re investing in Bitcoin and other cryptocurrencies. This is a powerful financial strategy that can potentially offer unprecedented returns while still providing the tax advantages that come with Roth IRA accounts.

Why Invest in a Bitcoin Roth IRA?

There are several reasons to consider investing in cryptocurrency within a Roth IRA.


Every savvy investor knows the importance of diversification. Bitcoin, as a digital asset, provides a unique diversification opportunity. Its price movements are oftentimes uncorrelated with traditional asset classes, making it an excellent tool for portfolio diversification.

Potential for High Returns

Bitcoin has demonstrated significant growth over the past decade, and many experts believe this trend will continue. While there are certainly risks involved – as with any investment – the potential for high returns is a compelling reason to consider buying cryptocurrency in a Roth IRA.

Tax Advantages

The ‘Roth’ in crypto Roth IRA refers to the unique tax advantages this type of account offers. With a Roth IRA, your Bitcoin investment typically grows tax-free, and qualified distributions are also tax-free.

How to Invest in a Crypto Roth IRA with BitcoinIRA

BitcoinIRA offers a streamlined, secure platform for investing in a crypto Roth IRA. Here’s how the process works:

  • Open a Crypto Roth IRA: Create your account with BitcoinIRA. We offer a user-friendly interface and a secure platform. Our team of experts will guide you through the setup process.
  • Fund Your Account: Once your account is set up, you can roll over funds from an existing retirement account or make a direct contribution.
  • Start Investing: Next, you can start investing in Bitcoin and other cryptocurrencies. BitcoinIRA offers 24/7 trading, allowing you to capitalize on market trends.
  • Secure Storage: BitcoinIRA employs advanced security protocols to keep your investment safe. Your Bitcoin is stored in a digital wallet with multi-signature authorization for added security.
  • Enjoy Tax-free Growth: Watch the Bitcoin within your Roth IRA grow. Any increase in the value of your Bitcoin investment is not subject to capital gains.


Investing in crypto within a Roth IRA is a strategic move that combines the explosive growth potential of Bitcoin and other cryptocurrencies with the unique tax benefits of a Roth IRA. BitcoinIRA provides a secure and efficient platform to help you embark on this investment journey, offering expert guidance every step of the way.

As with any investment, it’s crucial to do your own research and understand the potential risks. A crypto Roth IRA isn’t for everyone, but for those with a risk tolerance matching the profile of Bitcoin, it can be a powerful tool for securing financial future.

Embrace the power of blockchain technology and the advantages of a Roth IRA. Explore the potential of a cryptocurrency Roth IRA with BitcoinIRA today.

A bearded cartoon man in a suit flies above the clouds using a rocket/jetpack, with Bitcoins surrounding him (best crypto IRA)

BitcoinIRA: Investopedia’s Premier Choice for Crypto IRAs

During challenging economic times and unpredictable markets, investors are always on the lookout for alternative assets to bolster their portfolios. The allure of cryptocurrencies is ever-growing for the savvy investor, given the potential for high returns. Crypto presents an exciting avenue to diversify and benefit from tax advantages if purchased with an IRA.

The realm of cryptocurrencies demands proper know-how, robust security, and a deep understanding of a new digital asset class. Investopedia, a go-to resource for financial and investment guidance, carried out an industry-wide assessment of crypto IRA companies to identify the cream of the crop. The result? BitcoinIRA was selected as the “Best Overall Bitcoin IRA Company” for 2023, achieved through 24/7 self-trading, unrivaled security, and reliable custody insurance.

How BitcoinIRA Rises Above the Competition

Outstanding Digital Asset Security

When it comes to security, no other crypto IRA can match BitcoinIRA’s level of protection. Most of our clients’ digital assets are held using cold storage wallets*, regarded as the most secure method of storing cryptocurrencies. Partnering with BitGo, a leader in cryptocurrency wallet safety, further elevates our security measures. BitGo’s multi-signature technology eliminates single point-of-failure risks, and unique private keys for each cold wallet heighten accountability and security.

Round-The-Clock Crypto Self-Trading

BitcoinIRA delivers flexibility and convenience with 24/7 self-trading access for over 60 cryptocurrencies. Be it from your desktop or our mobile app, the power to grow your investment is always at your fingertips. Importantly, no assets are stored on the platform, giving you peace of mind that your earnings are secure as you continue investing in your future.

Robust Custody Insurance

Security of customer assets is of paramount importance. As such, digital assets stored with BitGo are fortified with industry-leading custody insurance of up to $250 million.* This coverage is provided through Lloyd’s of London, a titan in the global insurance and reinsurance market. BitcoinIRA understands the critical significance of asset protection alongside growth, and our custody insurance was selected with this in mind.

Ready to Invest in Your Future?

If you’re prepared to take the leap and revolutionize your retirement, open an account with us today. Our IRA specialists are always ready to answer your queries and guide you through the process.

For more information on how we keep you safe from bad actors, access our security page. If you’re ready to get started, open an account today. Should you have any questions, call our IRA specialists at (877) 936-7175 or schedule an appointment in advance.

*Security, storage, wallet providers, and insurance may vary based on asset chosen and custody solution available.

Do You Need a Crypto Tax Accountant?

The complexity of tax laws can make it challenging to determine your crypto tax obligations. Both newcomers and seasoned investors may require assistance in understanding their responsibilities. Failure to report your crypto activity on your tax return or pay taxes on time can result in a substantial tax bill. To help you decide whether you need a crypto tax accountant after buying, selling, or exchanging crypto, we’ve created a guide.


Do You Have to Pay Taxes on Crypto?

According to the IRS, crypto is classified as property, and any profit you make from selling, exchanging, or trading it is subject to taxes. The amount of tax owed depends on your annual income, filing status, and the duration of time you held the crypto before selling or exchanging it.

When you sell, exchange, or trade crypto that you have owned for less than one year, you are taxed at the short-term capital gains rates, which are equivalent to ordinary income rates. However, if you exchange or trade crypto that you have owned for more than one year, the taxes owed are based on the long-term capital gains rates, which are lower than short-term rates.


Benefits of a Crypto Tax Accountant

Crypto taxes can be complex, and failure to report crypto activity on your tax return or identify taxable transactions can result in penalties. To better understand your tax obligations, you may benefit from consulting a crypto tax accountant, who can assist you with reporting your crypto activity and filing your tax return.


Crypto Expertise
A crypto tax accountant possesses the expertise to deal with complex crypto transactions and distinguish between taxable and non-taxable ones. They can also offer valuable knowledge about crypto regulations and tax laws.


If tracking your crypto activity is a hassle due to frequent selling, trading, or swapping, a crypto tax accountant can analyze your activity and identify taxable transactions, ensuring you remain compliant with IRS reporting rules.


Additionally, a crypto tax accountant may suggest strategies to reduce the taxes you owe. For instance, selling crypto after holding it for a year can result in a lower tax rate, and selling another crypto that’s performing at a loss can help reduce taxes if you anticipate realizing crypto profits.


Understanding Crypto Tax Accountant Services

Crypto tax accountants can assist you in understanding your tax obligations regarding cryptocurrency. Apart from aiding clients in preparing their individual and corporate tax filings, they offer other valuable services.

Through tax planning, a crypto tax accountant can help you structure transactions to minimize your tax liability. They can also provide audit defense services, representing you with the IRS if necessary. Moreover, a crypto tax accountant can help ensure that you remain compliant with changes in regulations.


Crypto Tax Accountant: Factors to Consider

Despite crypto having been around for years, not every accountant is familiar with its taxation rules. Crypto transactions can be voluminous and complicated. An experienced crypto tax accountant can assist you in navigating through complex crypto activity.


Examine Past Experience
A reputable crypto tax accountant should have a track record of delivering quality work. You can check other clients’ online reviews to gauge their experience. Moreover, if the accountant holds a professional license, you can verify with the state whether they are in good standing.


Understand Taxable Events
While most crypto activity is taxable, there are some exceptions. For instance, you may pay less or no tax when you sell Bitcoin in a crypto IRA or donate crypto to a nonprofit. However, if you sell, swap, or exchange crypto at a gain, you most likely will owe tax.

The crypto tax accountant should have a good understanding of which crypto transactions are taxable and which ones are not. If they don’t know the difference between taxable and nontaxable crypto, you may unexpectedly owe tax.


Discuss Tax Strategy
A crypto accountant should be knowledgeable about tax strategies that can help reduce your tax burden. For example, they may suggest opening a crypto IRA, offsetting crypto gains with crypto losses, or waiting to sell crypto until you have owned it for a year. A crypto accountant can be a valuable resource to minimize your crypto taxes.


Document Preparation
Even if you use a crypto tax accountant to prepare your returns, you still need to monitor your crypto activity and retain copies of any reports you receive. Ensure that you retrieve any documents that you’ve given to your crypto accountant to prepare your return and store them in a secure location.


Engage in Frequent Conversations
You do not have to wait until tax time to communicate with your accountant. A crypto tax accountant who is familiar with changing tax laws and regulations can provide valuable information at any time of the year.


Why Hire a Crypto Tax Accountant?

Having a crypto tax accountant can be beneficial if you engage in crypto activity. As seasoned tax professionals, they can help you comprehend your tax responsibilities and what you should report on your return. If you are investing for retirement, they can also offer advice on contribution limits and withdrawals. When you collaborate with a crypto tax accountant, they can provide tax strategies that align with your financial situation.



Frequently Asked Questions

Q: Can you face consequences for not reporting crypto on taxes?

A: Yes, if you neglect to report crypto sales, exchanges or trades on your tax return, you may incur penalties and interest.


Q: Is it necessary to hire an accountant for crypto?

A: Hiring a crypto tax accountant can be advantageous when filing your tax return. However, if you can keep track of your crypto activity and are confident in filing your taxes on your own, you may not require the services of a crypto tax accountant.


Q: Do you need to report crypto transactions under $600?

A: Yes, you must report crypto transactions under $600 if you experience a gain or loss, which constitutes a taxable event.

The BitcoinIRA mobile app is shown across three different smartphones on an orange background.

BitcoinIRA Mobile App Features

The BitcoinIRA mobile app is optimized with powerful features to empower your retirement savings, trading, and HODLing needs. Read on for the top features and capability of the BitcoinIRA mobile app.

Tax-Advantaged Crypto Investing Inside Your IRA

The BitcoinIRA mobile app provides convenient access to individual retirement accounts that offer unique tax advantages. These advantages can be amplified when you consider the historical outsized appreciation of cryptocurrencies. Easy, on-the-go access to your holdings, always at your fingertips, means you can monitor your portfolio and (potentially expedited) progress toward retirement anytime.

Buy, Sell, and Swap With 24/7 Self-Trading

Unlike traditional finance and legacy investment vehicles, crypto never sleeps. That also goes for the BitcoinIRA app, which helps you invest in new coins, sell off portions of your holdings, or trade crypto-to-crypto day or night. Anytime access to digital assets is key for those seeking to take maximum advantage of the market.

Easily and Securely Place Trades

Bitcoin IRA’s #1 priority is the security* of your digital assets. Through an exclusive partnership with BitGo, most client assets are protected by robust security features, including multi-signature digital wallets and qualified custody. This ensures peace of mind for crypto investors on both desktop and the BitcoinIRA mobile app.

Personalize Your Trading Experience (Watchlists, Light/Dark Mode, and More)

Watchlists let you zero-in on the assets you hold, track, and care about, while display customizations such as light and dark mode optimize your experience day or night. Watch what you own or want like a hawk, and ignore the rest.

Powerful Tools Like Price Alerts, Advanced Charts, and Multi-Coin Trades

Experienced users or traders can harness the power of advanced chart information and price alerts to make precision moves and multi-coin trades. Of course, long-term holding is the key to any successful retirement plan, and the performance of cryptocurrency renders the classic strategy even more powerful. Still, through bull and bear cycles or otherwise, it’s important to stay alert and informed, and the BitcoinIRA mobile app can help.

Secure Access Through Face ID and Biometrics

Face and fingerprint biometric security (or a good old-fashioned PIN if you prefer) keep your digital assets secured on your device, peace of mind at maximum, and stress at minimum. View your portfolio balance, holdings, and other information at any time simply by accessing the BitcoinIRA mobile app.

Protected Trading With 2-Factor Authentication and $250M of Insurance*

Two-factor authentication keeps your account credentials safe using industry-leading security, while $250M of insurance and asset-protection stand behind partner BitGo’s cold storage digital asset custody for most coins. This means your crypto investment is safe-and-sound, rivaling (and even outdoing) the protection banks and traditional offerings make available.

Frequently Asked Questions

Where can I download the BitcoinIRA mobile app?

Search the app store on your device for “Bitcoin IRA” to find the mobile app. You can also directly view or download our Android and iOS apps.

Can I place a trade from the BitcoinIRA mobile app?

Yes, you can trade over 60+ cryptos while on-the-go from the app.

Is the BitcoinIRA mobile app safe?

Yes, the app provides high-end protection through military-grade security* features.


*Security, storage, wallet providers, and insurance may vary based on asset chosen and custody solution available.

How to Create Bitcoin Profit with Less Taxes


When selling Bitcoin or other cryptocurrencies, you are required to pay capital gains taxes on any profit you make, regardless of whether you made a single trade or a hundred. Your tax liability can quickly accumulate. However, by investing a little time in planning before the end of the year, you can reduce the amount you pay in taxes and keep more of your Bitcoin profits.


Crypto and Bitcoin Taxes Explained

The IRS considers Bitcoin and other cryptocurrencies as property for tax purposes. Similar to stocks and bonds, taxes must be paid when you sell, exchange or trade cryptocurrencies for a profit. Using cryptocurrencies or Bitcoin to pay for services is considered an exchange. If the value of the service received exceeds the initial payment made in cryptocurrencies, you may be taxed on the difference.


Understanding How Bitcoin is Taxed

The taxes payable on Bitcoin profits are based on your annual income and how long you have held the cryptocurrencies. The tax bracket that you fall under depends on your income level. Therefore, the more money you make annually, the higher your tax bracket and the greater the taxes you will be required to pay.

The amount of tax payable on Bitcoin profits is also influenced by the length of time you have owned the cryptocurrencies. If you have held the cryptocurrencies for over a year before selling, trading, or exchanging them, you will be required to pay long-term capital gains tax rates. However, if you sell, exchange, or trade Bitcoin that you have held for less than one year, you will be required to pay short-term capital gains tax rates.

Long-term capital gains tax rates vary from 0% to 20%, depending on your annual income. Short-term capital gain tax rates are the same as ordinary income rates, which range from 10% to 37% based on your income and filing status. You will pay higher taxes if you sell Bitcoin that you have held for less than one year.


Ways to Avoid Capital Gains Tax on Cryptocurrency

By implementing several tax strategies, you can learn how to avoid capital gains taxes on cryptocurrency. Read on to discover how to reduce taxes on Bitcoin.


Invest in a Crypto IRA

Investing in a self directed crypto individual retirement account (IRA) comes with significant tax benefits. Your contributions can be invested in digital and other alternative assets. Taxes on any gains from buying and selling assets through your crypto IRA are deferred until you take retirement distributions.

With a Traditional crypto IRA, any contributions you make are pre-tax and are tax-deductible up to the IRS allowable amount. Once you retire, any distributions you take will be taxable. However, you may pay less tax if you expect to be in a lower tax bracket upon retirement.

If you open a Roth crypto IRA, you cannot take a deduction for your contributions now. However, you likely will not pay taxes on your retirement distributions in the future. This is because contributions to a Roth crypto IRA are made after being taxed.

According to the IRS, the 2023 contribution limits are up to $6,500 to your IRA if you are under 50. If you are 50 or older, the IRS allows you to contribute up to $7,500 to your IRA.


Use Tax Deductions

If you find yourself in a higher tax bracket than desired, it is time to scour the tax code for deductions to lower your taxable income. If you itemize your deductions, you can increase your charitable donations to reduce your income. Alternatively, this may be the year to undergo an expensive medical procedure if you can write off some of the costs. If you own your home, you could also get a tax break if you invest in specific energy-efficient improvements.


Holding for the Long Term

The tax rate you pay when selling, trading, or exchanging crypto is based on how long you have owned it. When you sell Bitcoin that you have owned for at least a year, the tax on the profit is based on long-term capital gains tax rates. However, if you own crypto for less than a year and sell it, you’ll be hit with higher short-term capital gains tax rates. Since long-term rates are lower than short-term rates, you will pay less tax on Bitcoin profits if you can hold them for at least one year before selling.


Offsetting Your Gains with Capital Losses

If you have low-performing investments in your portfolio, consider selling them to realize a capital loss. You can reduce your profit by offsetting these capital losses against your crypto capital gains. With a lower profit, you’ll pay less in capital gains taxes. However, timing is essential when offsetting capital gains and losses. Any long-term capital losses must first offset against long-term capital gains. If you still have some long-term capital losses, you can offset these against short-term capital gains.


Changing Your Residency

Many states base their income tax on the money you earn. If you can move to a state with no or low income tax rates, you can keep more of your Bitcoin profit. If you have always wanted to live in a state with a warmer climate, like Florida or Texas, now may be the time to make your move.


Selling at a Lower Tax Bracket

The amount of taxes you pay is based on how much money you make. If your income drops enough, you may be in a lower tax bracket. Whether you are going back to school, taking some time off, or have less money coming in, you can pay less tax if you sell high-performing investments in a year where your taxable income is lower. Not only can you save tax money, but if your income is low enough, you could avoid crypto tax altogether.


Strategies to Reduce Taxes on Bitcoin Profit

The IRS treats digital assets like property. You can easily find yourself with a hefty tax bill as you sell, exchange, or trade crypto during the year. However, there are ways to lower your income and reduce your tax liability. By putting a few strategies in place, you can learn how to reduce taxes on crypto and keep more of your Bitcoin profits.


Frequently Asked Questions

Q: How can I realize crypto profits without incurring tax liabilities?

A: By reducing your taxable income, you may be able to realize crypto profits without having to pay taxes.


Q: Will I be taxed on my cryptocurrency investments if I reinvest them?

A: Yes, any profit made from the sale of crypto to reinvest will be subject to taxes.


Q: What are the consequences of not reporting cryptocurrency on taxes?

A: While reporting purchased crypto on your tax return is not mandatory, failure to report and pay taxes on crypto profits from sales can result in IRS penalties and interest charges.

Why You Should Consider Investing in a Crypto Retirement Account

A crypto retirement account has proven to be a popular investment among people seeking market-beating returns. Benefiting from this alternative investment, however, requires knowing how it works, and its advantages for your investment goals.

BitcoinIRA reveals how to benefit from investing in crypto for retirement, factors to consider when choosing a crypto retirement account, and the details on how they work. Knowing these details could make your retirement more comfortable.

How Do Crypto Retirement Accounts Work?

Investors cannot own cryptocurrency in a standard individual retirement account (IRA). To save for retirement using crypto, investors must instead use a self-directed IRA. These accounts enable investments in alternative assets such as cryptocurrencies.

A crypto IRA follows the same rules as a standard IRA. The only difference is that you invest in cryptocurrencies instead of traditional assets such as stocks and bonds. You can set up your crypto retirement savings to follow the same treatment as a Traditional or Roth IRA.

Your annual contributions are limited to $6,500, or $7,500 if you’re 50 years or older. You also can make tax-deductible contributions or opt for a Roth IRA to enjoy tax-free withdrawals in retirement. 

Holding cryptocurrencies in an IRA typically exempts you from paying taxes on capital gains. 

Because a self-directed account is actively managed, you need a custodian to safe-keep your assets and ensure you comply with IRS regulations. Choose a reliable IRA platform for purchasing cryptocurrencies, and research their insurance offering.

Benefits of Crypto Retirement Accounts

Including cryptocurrencies in your retirement savings enables you to enjoy several benefits.

Growth potential

The crypto market’s volatility has provided significant returns to investors. Although some cryptocurrencies have provided 1,000% returns in several months, yields on a crypto retirement accounts can be more conservative while often still beating the market.


Cryptocurrencies can sometimes have an inverse relationship with traditional assets. When these  decrease in value, your crypto’s profits may offset the losses of the other holdings in your portfolio. 

Tax advantages

Investing in a tax-advantaged retirement account enables you to contribute on a pretax basis, and to defer taxes to when you make withdrawals at retirement age. Setting up a crypto retirement account as a Roth IRA, on the other hand, may let you enjoy tax-free distributions  because your contributions were taxed.

Long-term savings

Cryptocurrency adoption by institutional investors and big corporations is expanding rapidly. Several major retailers accept payments in cryptocurrencies. As cryptocurrencies go mainstream, their increased demand may raise  their value.

How to Choose a Crypto Retirement Account

It’s important to analyze several key components when investing in a crypto retirement account to increase your chances of obtaining optimal returns and enjoying a beneficial investing process.

Easy Setup

You’re more likely to back out of opening an account if you face several challenges. An IRA cryptocurrency account should be simple to set up and require only standard documents to verify your identity.

The platform should be easy to navigate so that you don’t need to spend additional time with support.

Account and Trading Fees

A crypto custodian or technology provider should be completely transparent about its fees. You need to know all costs involved in making investments and receiving profits. Some providers charge a setup fee, an annual administration fee, or withdrawal fees.

Educational Resources

Because a self-directed IRA account such as BitcoinIRA requires participation, you’ll need to understand the process. Numerous crypto retirement companies provide online education resources, teaching you about their platforms, the markets, and how to trade.

Diverse Crypto Offerings

The best-performing portfolios are usually highly diverse. The ideal crypto retirement account enables you to store a large collection of coins. That increases your chances of offsetting losing assets with profitable ones. BitcoinIRA, for example, offers 60+ different cryptocurrencies.


It’s important to secure your cryptocurrency by keeping it in a high-level security account. Multikey technology, insurance, and cold storage are all features to look for when ensuring top notch security and custody services.

Seamless Experience

Having around-the-clock access to your portfolio is crucial. Even more important is convenient navigation on the platform to place trades easily, and a history of all activity.


Even the safest storage facilities are prone to theft and damage. The Federal Deposit Insurance Corp. (FDIC) provides insurance protection of up to $250,000 for checking, savings, and other deposit accounts for certain assets, but not crypto. BitGo, the custody solution used by BitcoinIRA, insures holdings up to $250 million.

Build a Comfortable Retirement with Crypto

Having cryptocurrencies in your retirement savings enables you to diversify your portfolio while reaping the tax advantages offered in standard IRA accounts.

Crypto’s growing popularity and adoption make it an ideal long-term asset that may outperform traditional markets. A crypto IRA account that provides a diverse offering, easy setup, a high level of security, and insurance, reduces risk and increases your chances of experiencing a comfortable retirement.

Frequently Asked Questions

Can you put crypto in a retirement account?

A standard retirement account typically doesn’t accept alternative investments such as cryptocurrencies. However, a self-directed IRA enables crypto holdings.

Is cryptocurrency good for a retirement portfolio?

Cryptocurrencies further diversify your retirement portfolio and may prove to be a long-term asset that provides market-beating returns.

Is there a cryptocurrency IRA?

Yes. A cryptocurrency IRA can be set up to offer the same benefits as a Traditional or Roth IRA.